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A fundamental law of economics is that you can control the price of something or the quantity supplied, but not both. We saw that law in operation in the old Soviet system, with rationing and queues, and during the Muldoon wage and price freeze. Read more

At an Easter hat parade at Bellfield Primary School in Melbourne, a child’s mother got into a punch-up with another mother and head-butted her unconscious in front of 250 children. Did anyone bat an eyelid? Read more